Surgery Partners, Inc. (NASDAQ:SGRY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Surgery Partners, Inc. (NASDAQ:SGRY) has earned an average rating of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $36.56.

SGRY has been the topic of several research reports. Bank of America initiated coverage on shares of Surgery Partners in a report on Monday, December 16th. They issued a “buy” rating and a $30.00 price target on the stock. KeyCorp assumed coverage on shares of Surgery Partners in a report on Friday, October 11th. They set a “sector weight” rating for the company. Macquarie restated an “outperform” rating and set a $34.00 target price on shares of Surgery Partners in a research report on Tuesday, November 19th. Royal Bank of Canada reduced their price objective on Surgery Partners from $49.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. Finally, UBS Group began coverage on Surgery Partners in a research note on Monday, October 14th. They issued a “buy” rating and a $38.00 target price on the stock.

Surgery Partners Trading Down 2.7 %

NASDAQ:SGRY opened at $20.65 on Wednesday. The company has a market capitalization of $2.62 billion, a P/E ratio of -43.02, a PEG ratio of 17.40 and a beta of 2.58. The company has a current ratio of 1.80, a quick ratio of 1.66 and a debt-to-equity ratio of 0.99. Surgery Partners has a 12 month low of $19.50 and a 12 month high of $35.29. The firm has a fifty day simple moving average of $23.00 and a 200-day simple moving average of $27.36.

Surgery Partners (NASDAQ:SGRY) last issued its earnings results on Tuesday, November 12th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). The firm had revenue of $770.40 million during the quarter, compared to analysts’ expectations of $768.99 million. Surgery Partners had a positive return on equity of 2.85% and a negative net margin of 2.03%. The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. On average, equities research analysts anticipate that Surgery Partners will post 0.71 earnings per share for the current year.

Hedge Funds Weigh In On Surgery Partners

A number of large investors have recently bought and sold shares of SGRY. Arizona State Retirement System grew its holdings in Surgery Partners by 1.9% in the second quarter. Arizona State Retirement System now owns 19,494 shares of the company’s stock valued at $464,000 after purchasing an additional 359 shares during the period. Natixis Advisors LLC grew its stake in Surgery Partners by 3.0% in the 3rd quarter. Natixis Advisors LLC now owns 12,828 shares of the company’s stock valued at $414,000 after acquiring an additional 376 shares during the period. KBC Group NV increased its holdings in Surgery Partners by 31.8% in the 3rd quarter. KBC Group NV now owns 2,385 shares of the company’s stock worth $77,000 after acquiring an additional 576 shares in the last quarter. Mackenzie Financial Corp raised its position in Surgery Partners by 3.4% during the second quarter. Mackenzie Financial Corp now owns 19,999 shares of the company’s stock worth $476,000 after acquiring an additional 662 shares during the period. Finally, Pier Capital LLC lifted its holdings in Surgery Partners by 0.5% during the third quarter. Pier Capital LLC now owns 329,882 shares of the company’s stock valued at $10,635,000 after purchasing an additional 1,589 shares in the last quarter.

About Surgery Partners

Surgery Partners, Inc, together with its subsidiaries, owns and operates a network of surgical facilities and ancillary services in the United States. The company provides ambulatory surgery centers and surgical hospitals that offer non-emergency surgical procedures in various specialties, including orthopedics and pain management, ophthalmology, gastroenterology, and general surgery.